Boldtek Holdings Limited Issues Monthly Update Amid Ongoing Liquidation

Key Highlights from the Latest Announcement

• Boldtek Holdings Limited remains in compulsory liquidation.
• No material developments reported since the last update.
• Trading in company shares has been suspended since 16 January 2023.
• Investors are advised to exercise caution and consult professional advisors.

Detailed Report

Boldtek Holdings Limited, a company incorporated in Singapore, continues to be in a state of compulsory liquidation. The Liquidators, Mr. Tan Wei Cheong and Mr. Lim Loo Khoon, released their latest monthly update, informing investors and stakeholders that there have been no material developments in the affairs of the company over the past month.

The company has been under trading halt since 12 January 2023 and its shares have remained suspended from 16 January 2023 onwards. The reasons for this suspension were detailed in the company’s previous announcements, particularly those dated 14 January 2023.

The Liquidators emphasized that the company will continue to make periodic announcements in accordance with the SGX Catalist Listing Rules, should there be any significant developments regarding the liquidation process or the status of the company.

What Shareholders Need to Know

• No New Developments: There have been no material updates or changes in the company’s situation since the last announcement. This suggests that the liquidation process is ongoing without any new events that might impact shareholders.
• Suspension of Trading: The company’s shares continue to be suspended. As such, shareholders are currently unable to trade their shares on the SGX Catalist market.
• Investor Advisory: Shareholders and investors are strongly advised to carefully review all company announcements, including this and any future updates, before making any investment decisions. The Liquidators further recommend consulting with stockbrokers, bank managers, solicitors, or other professional advisors if there is any uncertainty regarding the appropriate course of action.
• No Immediate Price-Sensitive Information: The absence of new material information means there are no fresh updates likely to impact the company’s share price at this time.

Other Noteworthy Information

This announcement has undergone review by the Company’s sponsor, RHT Capital Pte. Ltd. However, it has not been examined or approved by the Singapore Exchange Securities Trading Limited (SGX). The SGX bears no responsibility for the contents of this announcement, including the accuracy of statements or opinions expressed.

For any queries, the contact person for the Sponsor is Mr. Joseph Au, who can be reached at 36 Robinson Road, #10-06 City House, Singapore 068877, or via email at [email protected].

Conclusion

There are currently no new developments or events that are likely to impact the value of Boldtek Holdings Limited shares. The company remains under compulsory liquidation and its shares are still suspended from trading. Investors should remain vigilant, monitor official announcements, and seek professional advice as needed.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are encouraged to consult their own financial advisors before making any investment decisions. The author and publisher assume no liability for any actions taken based on the information provided herein.

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